VanEck ChiNext ETF (NYSEARCA:CNXT) Stock Short Interest Falls 69.8%

VanEck ChiNext ETF (NYSEARCA:CNXT) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,079 shares, a decrease of 69.8% from the September 30th total of 155,938 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 55,660 shares, the short-interest ratio is presently 0.8 days.

VanEck ChiNext ETF Trading Down 2.2%

NYSEARCA:CNXT opened at $37.35 on Wednesday. VanEck ChiNext ETF has a 12-month low of $37.07 and a 12-month high of $62.59. The stock’s 50 day simple moving average is $45.55 and its 200-day simple moving average is $49.39. The firm has a market cap of $67.23 million, a P/E ratio of 27.22 and a beta of 0.68.

Hedge Funds Weigh In On VanEck ChiNext ETF

Large investors have recently bought and sold shares of the company. Vontobel Holding Ltd. purchased a new position in VanEck ChiNext ETF during the 3rd quarter worth $280,000. Cetera Investment Advisers purchased a new stake in shares of VanEck ChiNext ETF in the first quarter valued at about $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of VanEck ChiNext ETF in the second quarter valued at about $323,000. Finally, Group One Trading LLC boosted its holdings in shares of VanEck ChiNext ETF by 1,500.0% in the first quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock valued at $145,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 36.93% of the company’s stock.

About VanEck ChiNext ETF

The VanEck ChiNext ETF (CNXT) is an exchange-traded fund that is based on the ChiNext – RMB index. The fund tracks a cap-weighted index of 100 small- and medium-size companies traded on the SME Board and ChiNext Board of the Shenzhen Stock Exchange. CNXT was launched on Jul 23, 2014 and is managed by VanEck.